Patrick Byrne, Overstock CEO, Tells Fox Business That CNBC Is Conspiring Against Him

05/02/2008 05:12 am ET | Updated May 25, 2011
  • Michael Learmonth Silicon Alley Insider

Talky Overstock.com (OSTK) CEO Patrick Byrne is still blaming short sellers for his company's woes. The new twist: He's now lashing out at CNBC journalists -- while appearing on their rival Fox Business Network.

Said Byrne: "I happen to know for a fact there is a fax machine in the CNBC offices where every morning hedge funds send in the instructions. The journalists sit around and take their instructions."

Fox anchor Liz Claman, a former CNBC employee, responded: "I used to work at CNBC and I never saw the fax machine."

Byrne: "I have a good source on that."

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